The Analysis On Innovation Strategy Of Lucent Technologies

Today we are in the information age. Technical innovation is becomingmore and more important for the business development. Technical innovationability is one of the critical challenges for a telecommunication equipmentvendor due to the shortening period of technology life cycle. The technicalinnovation ability will be the key factor of the successes or the failures of thetelecommunication equipment vendor in the competing market.As the technical innovation engine of Lucent Technologies, Bell Labshas won13Nobel Prizes and a series of breakthrough technology innovationsin its history. Bell Labs is considered one of the most successful industry labsin the history because of these honors. But in2008, Bell Labs announced toquit the fundamental research. Why did Lucent Technologies change itsinnovation strategy?Lucent Technologies is selected in this thesis as the object of study. Thepaper will introduce the company innovation strategy in different era. This paper will also study the successes or the failures of Lucent Technologies’innovation strategy in different period based on B-C theory from Kelloggschool of management. We try to find out the reasons why LucentTechnologies changes its innovation strategy today.Based on the study result in the thesis, we give some suggestions andrecommendations on the innovation strategy to Bell Labs today at the end ofthis paper.